Banque Transatlantique SA Acquires Shares of 2,789 MongoDB, Inc. $MDB

Key Points

• Banque Transatlantique SA purchased 2,789 shares of MongoDB, Inc., valued at approximately $452,000, marking its entry into the company's ownership during the first quarter.
• MongoDB's quarterly earnings report showed an EPS of $1.00, surpassing estimates by $0.35 and reflecting a 21.8% year-over-year revenue increase.
• Institutional investors control 89.29% of MongoDB's stock, with notable increases in holdings from firms like Vanguard, Amundi, and Primecap Management Co.

Banque Transatlantique SA purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,789 shares of the company's stock, valued at approximately $452,000.

Other large investors have also made changes to their positions in the company. 111 Capital acquired a new position in shares of MongoDB during the fourth quarter worth $390,000. Park Avenue Securities LLC increased its position in shares of MongoDB by 52.6% during the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock worth $461,000 after purchasing an additional 907 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of MongoDB by 4.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock worth $1,359,000 after purchasing an additional 298 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of MongoDB during the first quarter valued at $263,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of MongoDB by 57.2% during the first quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock valued at $219,000 after buying an additional 452 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of MongoDB from $275.00 to $345.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Monness Crespi & Hardt boosted their price objective on shares of MongoDB from $295.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Morgan Stanley boosted their price objective on shares of MongoDB from $255.00 to $325.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. William Blair reissued an "outperform" rating on shares of MongoDB in a report on Thursday, June 26th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $300.00 price target on shares of MongoDB in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $310.86.

MongoDB Trading Up 0.8%

Shares of MongoDB stock traded up $2.69 during trading hours on Friday, reaching $324.74. The stock had a trading volume of 2,337,363 shares, compared to its average volume of 4,188,581. The stock's 50 day moving average is $234.03 and its 200 day moving average is $207.58. The firm has a market capitalization of $26.54 billion, a PE ratio of -331.37 and a beta of 1.49. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The company's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In related news, CEO Dev Ittycheria sold 33,320 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the completion of the transaction, the chief executive officer owned 203,237 shares in the company, valued at $61,233,275.73. This represents a 14.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles M. Hazard, Jr. sold 833 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total transaction of $258,230.00. Following the transaction, the director owned 47,366 shares of the company's stock, valued at approximately $14,683,460. This trade represents a 1.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,730 shares of company stock worth $15,966,159 in the last quarter. Company insiders own 3.10% of the company's stock.

MongoDB Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.